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Homes stay on the market longer: "Buyers are acting more cautiously"

Homes stay on the market longer: "Buyers are acting more cautiously"

Homes in Amsterdam are spending more time on the market as buyers become increasingly selective due to higher mortgage rates and shifting economic conditions. Although the supply of available properties has grown significantly, transaction numbers have slightly declined compared to last year.

Homes in Amsterdam are staying on the market for longer periods as buyers exercise greater caution and scrutiny. According to the Makelaarsvereniging Amsterdam (MVA), the average time on the market for an apartment increased from 33 days in the third quarter of 2024 to 35 days recently. The trend is even more pronounced for detached homes, where the average sale time jumped from 44 days to 71 days over the past year. Industry experts attribute this shift to rising mortgage rates and lower consumer confidence, leading house hunters to be more selective regarding price, maintenance, and energy labels.

Despite the slower sales pace, the total housing supply in the city rose to approximately 3100 listings, compared to 2500 a year earlier. This increased inventory has given buyers more leverage to demand quality. While the number of transactions decreased slightly to 2652, the average price per square meter saw a marginal increase to 8525 euros. Market observers note that while the market has not stalled, the competitive landscape has shifted toward a more cautious environment.

Based on reporting by rss. Translated and condensed by LocalHeadlines.

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